by Chris Becker
The NZ 4Q CPI print came out this morning and was a little higher than expected at 1.9% annualised, which has put a little boost under the Kiwi:
Unfortuantely this has seen the AUD/NZD pair fall, as it fails to beat resistance at the 1.06 handle – watch this carefully as its a great risk-off proxy for the Aussie economy:
And no, we don’t want a common currency or bring the Kiwi’s into the Commonwealth, but their lamb tastes very good indeed!
As the Aussie remains under pressure going into tomorrow’s numberwang – the latest unemployment figures from the beleagured ABS, with the 71 handle looking likely to be broken soon:
As we await the BOJ meeting, the latest trade figures suggest a much weaker GDP and inflation print than expected, which is seeing Yen bid strongly after the risk-off selloff since the start of the week:
The PBOC daily fix isn’t in yet, but offshore trading in Yuan has seen an appreciable (sic) weakening over the last few days, not helped by the fumbling et al of the US dealmakers trying to get to the table with the Chinese trade delegation:
